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Fed governor Brainard warns rate rises may be at slower pace
By Sam Fleming
Financial Times, London
Friday, February 26, 2016
NEW YORK -- Shocks from abroad may lead the Federal Reserve to lift short-term interest rates less than some observers have expected, a senior central banker said amid rising concerns about the pace of global economic growth.
Lael Brainard, a member of the Fed's Board of Governors, said the tightening of financial conditions including the rise in the dollar had already delivered the equivalent of three quarter-point interest rate increases in the United States, as she argued the central bank needed to "nurture" the recovery by being "very cautious" with its guidance on rates. ...
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http://www.ft.com/intl/cms/s/0/44295d22-dccc-11e5-8541-00fb33bdf038.html
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